India: ecommerce revenue growth 2029

As of 2024, the revenue growth of the e-commerce market was over 15 percent in India. The e-commerce market had the highest growth at over 54 percent in 2020. During the COVID-19 pandemic, consumers switched to online shopping for groceries and other essentials due to lockdowns and social distancing.

Revenue growth of ecommerce market in India from 2018 to 2029

Characteristic	Revenue growth
2029	4.3%
2028	6.9%
2027	11.6%
2026	16.4%
2025	18.7%
2024	15.8%
2023	4.4%
2022	0.7%
2021	33%
2020	54.5%
2019	32.5%
2018	33.8%

0%10%20%30%40%50%60%

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Release date

June 2024

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Region

India

Survey time period

2018 to 2029

Supplementary notes

*Forecasts.

Data reflects the market impacts of the COVID-19 pandemic and Russia-Ukraine war.

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